Insolvency, not liquidity, is the problem

Insolvency, not liquidity, is the problem

Reviewing empirical and theoretical papers in the aftermath of the 2007-09 financial crisis, Olin Business School finance expert Anjan Thakor cites a twofold finding from his study. First, U.S. and European banks need to understand that insolvency was the issue that rocked the world, not liquidity; and second, the current standards for bank capital are all wrong and require adjustment.
Why customer-facing companies have happier workers

Why customer-facing companies have happier workers

It’s possible the Keebler Elves aren’t as happy at work as they seem. Or SpongeBob SquarePants’ dour fast-food colleague Squidward might be a little cheerier than he lets on. New research from Olin Business School shows that people working in customer-facing companies, such as retailers (or cartoon burger joints), tend to be happier at work, while workers for companies further removed — manufacturing, for example (or treehouse cookie factories) — tend to be less happy.
Retail giants Dick’s, Walmart regulate where politicians won’t

Retail giants Dick’s, Walmart regulate where politicians won’t

Two U.S. retailers made moves this week to regulate their gun sales based on principle — moves that legislators failed to make in recent years despite public outcry following each incident in a line of mass-shooting tragedies. A pair of Washington University in St. Louis experts say that these actions represent “an expansion of corporate social responsibility,” even if the retailers financially may suffer amid something of a consumer backlash.
Leading with diversity

Leading with diversity

One proud chapter of Washington University’s history is the founding of The Consortium for Graduate Study in Management. Since 1966, the consortium has been driving diversity in business education and corporate leadership across the country.
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